Binance has reported that its bStocks product crossed $1 billion in belongings quicker than any competing tokenised fairness providing.
Underpinned by $6 billion in two-way conversions with underlying shares, the product displays rising urge for food to deploy typical fairness holdings throughout blockchain ecosystem.
For the reason that June 11 launch, bStocks have generated greater than $40 billion in cumulative buying and selling quantity, in accordance with Binance’s announcement. The vary has grown from 5 securities to nearly 100 shares and ETFs.
bStocks AUM: $1,000,000,000+ ✔️
With 1:1 convertibility and nil conversion charges, customers have transformed over $6B between bStocks and underlying shares.
The momentum goes past holding. Customers are changing, buying and selling, and constructing with tokenized shares. https://t.co/Nmzou8tKzq
— Binance (@binance) October 15, 2026
How Shares Transfer On-Chain
Binance started providing eligible shoppers direct entry to greater than 7,000 US shares and ETFs in early June. The service is supplied by ADGM-regulated broker-dealer Nest Buying and selling Restricted, with shoppers holding a helpful curiosity within the shares they purchase.
bStocks add a second format for chosen securities. A consumer can convert a traditional inventory place right into a corresponding token at a 1:1 ratio with no conversion price, then convert it again right into a direct inventory place.
Every bStock is issued by Binance affiliate BTech Holdings and backed by the related safety held with a custodian. Beneath the product’s phrases, the token is a certificates representing an curiosity in that safety, not direct possession of the share.
What Purchasers Do with the Token
As soon as transformed, bStocks can commerce across the clock and be withdrawn to a suitable BNB Sensible Chain pockets. Purchasers can transfer equity-linked publicity into self-custody or use supported tokens in decentralised finance with out first promoting the place for money or cryptocurrency.
The platform added one other use in September, when it prolonged collateral assist for chosen bStocks to eligible customers of its Cross Margin and Portfolio Margin accounts. Purchasers can hold equity-linked publicity whereas utilizing these tokens to assist different buying and selling positions, relatively than promoting them to unlock collateral.
Binance’s utilization figures point out that buying and selling outdoors typical market hours is a part of the enchantment. Solely 38% of bStocks quantity in July occurred throughout common US fairness buying and selling hours.
Binance Analysis discovered that 41.5% of early bStocks customers had not traded its associated direct-equity or perpetual merchandise. Nevertheless, the determine describes their exercise on Binance and doesn’t set up whether or not they had invested in shares elsewhere.
How the Milestone Compares
Binance calls bStocks the quickest tokenised fairness product to succeed in $1 billion in belongings, citing Dune information as of October 15. The declare issues the time taken to succeed in that threshold, not management by belongings held immediately.
On October 14, Ondo Finance mentioned its tokenised shares and ETFs accounted for greater than $1.3 billion in whole worth locked. Ondo reviews that measure as TVL, whereas Binance calls its determine AUM, so the quantities aren’t a exact like-for-like rating.
A brand new milestone for Ondo: $4 billion in TVL.
From tokenized Treasuries to tokenized shares, ETFs, portfolios & personal markets, Ondo is increasing entry with each asset class.
Behind the $4 billion TVL milestone:
→ $1.3B+ in tokenized shares & ETFs
→ #1 platform for tokenized U.S. Treasuries
→ 1M+ cumulative holders throughout merchandiseThat progress displays improvements in how tokenized belongings commerce, together with Ondo Shares tapping TradFi alternate liquidity via RFQ.
Main wallets and apps put that liquidity inside attain, enabling permissionless transfers throughout Solana, Ethereum and BNB Chain.
This milestone is an early signal of the dimensions forward as tokenization transforms how the world accesses monetary markets.
Suppose in trillions.
— Ondo Finance (@Ondo) October 14, 2026
Ondo’s broader $4 billion TVL consists of different merchandise and shouldn’t be in contrast with bStocks alone. Speedy progress additionally doesn’t make token buying and selling equal to buying and selling the underlying shares.
The IMF’s October report discovered that tokenised fairness markets supply entry outdoors typical hours however stay much less liquid and extra risky than conventional counterparts. That distinction issues most when shoppers commerce bStocks whereas the shares backing them aren’t buying and selling on the US market.
This text was written by Tanya Chepkova at www.financemagnates.com.
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